Russia lists nonfriendly Western countries as offshore With effect from July 1, 2023, the Ministry of Finance of the Russian Federation by its decree expands… Read More
What tax implications should be attributed to self-purchase of shares ex... This question was recently examined by Israeli Supreme Court in the recent ruling on Civil Appeal 9380/20 and… Read More
The Collapse of Signature Bank and Silicon Valley Bank: Legal Consequences The recent bankruptcy of both Signature Bank and Silicon Valley Bank has sent shockwaves through the financial and… Read More
OFAC, BIS, and US Munitions List: a Practical Guide of Sanctions Complia... On February 24, 2023, US Office of Foreign Assets Control (OFAC) has issued a huge update of their… Read More
Russia approves legislation allowing Russian legal entities affiliated w... January 17, 2023, Russian President has signed an Executive Order No. 16 “On Provisional Measures applied in the… Read More
Gazprombank (Russia) will cease processing transactions in USD January 2023. Gazprombank (Russia) was notified by two major US banks, JPMorgan Chase, and Bank of New York… Read More
UAE Introduces a new Corporate Tax Law December 2022, United Arab Emirates (“UAE”) have enacted a Federal Decree-Law No. 47 of 2022 on the Taxation… Read More
Supreme Court of Russia has issued a decision on status of a person̵... December 22, 2022, the Supreme Court of Russian has resolved an issue of whether spouses should be deemed… Read More
European Council clarifies its prohibition on providing legal services Earlier, following the updated Art. 5n of Council Regulation 833/2014, it was prohibited to provide “legal advisory services”… Read More
Luxembourg has issued a General Authorization allowing to unblock the as... December 20, 2022, Luxembourg Ministry of Finance has authorized[1] (“General Authorization”) a release of funds held by currently… Read More
Russian authorities have determined criteria for foreign companies’ Russ... According to the draft of Minutes of meeting of Russian Governmental Commission for Overseeing of International Investments, December… Read More
EU Adopts Directive on 15% minimal taxation imposed on big business, fol... December 12, 2022, the Council of European Union has agreed on a Directive on ensuring a global minimum… Read More
European Court of Justice invalidates public access to European registri... November 20, 2022, the European Court of Justice (Grand Chamber) has issued a Judgement concerning the validity of… Read More
The European Court of Justice imposes on search engines obligation to re... December 8, 2022, the European Court of Justice (ECJ) has rendered a judgment in Case C-460/20[1] imposing on… Read More
Russian emergency legislation imposing restrictions on certain transacti... The validity of the restrictions imposed by Executive Order of the Russian President No. 126 dated March 18,… Read More
The US imposed restrictions on corporate management services to Russian ... On the 8th of May 2022, the United States adopted a new sanctions package against the Russian Federation… Read More
Sanctions Compliance – ENR Law While various sanctions and restrictions on international business activities have been in place since the second half of… Read More
US has approved Hong Kong-related sanctions US President Donald Trump has signed on July 14, 2020 an order to end preferential economic treatment for… Read More
Revealing Secrets of Patenting. Pros and Cons of filing Full utility app... Happy to share our thoughts and expertise with you. Suppose your technology demonstration status is at the stage… Read More
Chinese court imposes liability for public bonds default on the rating a... News added 11.01.2021 A Chinese court ruled that a local rating firm should compensate creditors for 1.4-billion-yuan ($216 million)… Read More
Liability extended: News added 03.11.2020 In accordance with the Moscow Arbitration court ruling from October 27, 2020 family members of the… Read More
Russia revises its tax agreements News added 11.08.2020 In March this year president of Russian Federation proposed imposing a 15% withholding tax on all… Read More
US District Court allows Facebook lawsuit against NSO Group to proceed News added 26.07.2020 July 16, 2020 US District Court for the Northern District of California ruled that WhatsApp and… Read More
ECJ invalidates Privacy Shield agreement as adequate mechanism of data p... News added 24.07.2020 In the Judgment of 16 July 2020, the Court of Justice of the EU ruled that… Read More
